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Jan 29, 2013
01/13
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to raising the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat roles. jon stewart explains the logic. >> there are certain facts ability upper body streng. 6'4", 240 pound marine and you are injured and you need the marine next to you to carry you back to safety and she weighs 115 pounds. it's irrelevant. we can't have women in combat because they are tiny. they are too delicate. they are little. they are wee little hands. they can barely -- have you ever seen them eat, they pick up a dinner roll. tiny sharp teeth, wait a minute, i'm thinking of mice. mice should not be serving in the military no matter how adorable they might be. sergeant whiskers, i can't nape on you. a t
to raising the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat...
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Jan 27, 2013
01/13
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the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and reforms that put us on a path to balancing the budget in a decade. we think the senate ought to offer a budget. they haven't passed a budget in four years, even though we have a law that says we need a budget every year. we haven't seen any solutions offered by the president on how to get the budget balanced, pay down the debt, and no budget in four years. we need to figure out how to grow the economy, how to get opportunity. and if we have a debt crisis like they had in europe, everybody gets hurt. that's what we want to avoid. >> last week, senator schumer said, we'll do a budget. >> great. finally. it's been fou
the debt ceiling has been raised, at least temporarily, but there are still big decisions to be made. you specifically said in the last few days that your priority is to make a big down payment on the debt. a debt crisis that you see in this country. >> that's right. >> what do you specifically require? what's the priority? what has the president got to do in your point of view? >> i'll just explain what the speaker said when we passed that bill. our goal is to get cuts and...
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Jan 29, 2013
01/13
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we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the presiding officer: without objection. for the senate, the letter of resignation of senator john f. kerry of massachusetts, effective friday, february 1, at 4:00 p.m. without objection, the letter is deemed read and spread upon the journal. mr. brown: madam president, i ask unanimous consent the judiciary committee be discharged from further consideration of s. res. 14 and the senate proceed to its consideration. the presiding officer: the clerk will report. the clerk: s. res. 14, raising awareness and encouraging prevention of stalking by designating january, 2013, as national stalking awareness month. the
we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the...
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Jan 25, 2013
01/13
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and then senator obama voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's economy is going backwards. instead of managing government, it's time to address how we can make america to please her she can once again become the land of upper charity, a place of opportunity. we should put all of our eggs in that basket conservatives and republicans. research any folks in washington d.c. to devote themselves from taking america so for the lechery cannot give back. we must do all we can to stop what is rapidly becoming the bankrupting of our federal government. we as conservatives must dedicate energy and efforts to bring america, to showing the younger generation south american in th
and then senator obama voted against raising the debt ceiling, he said he was doing up because the national debt was outrageous a train dollars. i want to quote the president because he clarified for effect $8 trillion. under president about our national debt is over $16 trillion climbing, larger than our entire economy and he's not worried at all. indeed, he caused the progress. remember his campaign slogan? have got news for the president. if washington's guidance going forward, america's...
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Jan 24, 2013
01/13
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for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to do. since fdr, congress voted to raise it literally dozens of times. the way we run the country, for generations, you may not like it. it is how we use the debt ceiling, we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget surplus, remember that? but other than that, it happens as a matter of course. it is routine, but in 2010, the republicans decided they wouldn't do it anymore. and in the standoff, where they said they wouldn't do it again, even though it was done with presidents before them, they were not going to do it. the country could default on its debts, that was an economic disaster. check it out. this is job growth, month to month in the year 2011. during that time when it is weirdly suppressed, oh, yeah, it is the fight over the debt ceiling. so when you hear others say oh yeah, it shouldn'
for decades, raising the debt ceiling was something that congress has been willing to do. since the presidency of fdr, congress has to do. since fdr, congress voted to raise it literally dozens of times. the way we run the country, for generations, you may not like it. it is how we use the debt ceiling, we have raised it 89 times just between 1939 and 2010. the only time we haven't had to raise it in recent years was at the very end of the clinton administration when we started to run a budget...
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Jan 28, 2013
01/13
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and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he thought it was deeply unjust. and at first he wants -- he wanted congress to be able to ve
and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give...
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Jan 31, 2013
01/13
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nation's debt ceiling. we have more live from cnbc. good morning. >>> good morning, the senate is expected to vote today on a bill to suspend the debt ceiling or the u.s. borrowing limit for three months to allow more time for debate on the country's fiscal issues. the house passed a measure last week. the senate version includes several republican amendments including matching spending cuts for every dollar increase in the debt ceiling. but they're expected to go down in defeat. now the bill won't technically raise the debt ceiling but will spend it until may 19 when it will be raised by the amount the treasury borrows in the interim. meanwhile, a new report finds foreclosure activity rose in more than half of the biggest u.s. metro areas last year. but realty track says activity decreased from 2010 when foreclosures peaked in most markets. foreclosures dropped in 12 of the top 20 metro markets with the biggest declines in phoenix, san francisco, and detroit. the biggest increases were in tampa, miami, and
nation's debt ceiling. we have more live from cnbc. good morning. >>> good morning, the senate is expected to vote today on a bill to suspend the debt ceiling or the u.s. borrowing limit for three months to allow more time for debate on the country's fiscal issues. the house passed a measure last week. the senate version includes several republican amendments including matching spending cuts for every dollar increase in the debt ceiling. but they're expected to go down in defeat. now...
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Jan 24, 2013
01/13
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FOXNEWS
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and house nearly three months to raise the debt ceiling. >> look, i understand why they want to move the initiative forward and i think there is some strategicty to the way they're doing it it and i believe the second part the of it it, congress shouldn't get paid unless a budget is passed. no one wants to miss a paycheck certainly, but i think it's a very valid point and i think that it's not unfair to say to the people if you're not going to do your job, you shouldn't get paid. >> greta: and we keep getting these, like goal posts and mile posts and three more months. >> absolutely. >> greta: six more months and another excuse-- >> in fairness, i think it's the house. if they believed they could pass a bill out of house that not only dealt with the debt limit, but with our debt problem and passed out of the senate and signed by the president they would do it in a heartbeat. that's not what they're facing. they want facing a president that wants unconditional limits and the senate hasn't passed a budget in days. i think they're trying to make the best of a bad situation. absolutely w
and house nearly three months to raise the debt ceiling. >> look, i understand why they want to move the initiative forward and i think there is some strategicty to the way they're doing it it and i believe the second part the of it it, congress shouldn't get paid unless a budget is passed. no one wants to miss a paycheck certainly, but i think it's a very valid point and i think that it's not unfair to say to the people if you're not going to do your job, you shouldn't get paid. >>...
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Feb 1, 2013
02/13
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the senate passed the bill to raise the debt ceiling. without it, the government would have to default on obligations as soon as mid- february. >>> one of d.c.'s area neighborhood advisory commissioners wants to limit the sale of ski masks. >> this comes after several people were robbed by gunmen wearing ski masks. gary nurenberg has the story. >> reporter: a prince george's county armed robbery. can't see the guys because of the ski masks. a 7-eleven robbery, three guys, can't see any of their faces because of the ski masks. d.c.'s fourth police district. look at the list serve and you see? >> a number of reports that people are assaulted with folks with ski masks on, black ski masks. >> reporter: neighborhood advisory -- this woman should know. >> i saw the man pulling a ski mask over his face and standing in the middle of the road in my path. and so i basically focused on his face between the parked cars and him and that car took off really fast. >> reporter: a week ago tuesday, 13th and varnum, armed robber, ski mask, woman loses her
the senate passed the bill to raise the debt ceiling. without it, the government would have to default on obligations as soon as mid- february. >>> one of d.c.'s area neighborhood advisory commissioners wants to limit the sale of ski masks. >> this comes after several people were robbed by gunmen wearing ski masks. gary nurenberg has the story. >> reporter: a prince george's county armed robbery. can't see the guys because of the ski masks. a 7-eleven robbery, three guys,...
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Jan 31, 2013
01/13
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. >> greta: if spending is not a problem, they then why raise the debt ceiling? >> the goal now of the whole conservative movement is push congress to put our country on a path to a balanced budget. president calls that radical. over ten-year period, if we don't stop spending we're going to bankrupt our country. >> greta: do you think washington has a spending problem or not? go to to greta wire.com. menendez denying allegations that he engaged with prostitutes after a raid in florida. latest next. also, and most unpopular part of obamacare. individual mandate. who is going to have to pay and how much. all that decided by bureaucrats. that controversy coming up. and which couple is back together? and what is set twitter on fire. the scenes coming up. c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. using robotics and mobile technology, verizon innovators have made it possib
. >> greta: if spending is not a problem, they then why raise the debt ceiling? >> the goal now of the whole conservative movement is push congress to put our country on a path to a balanced budget. president calls that radical. over ten-year period, if we don't stop spending we're going to bankrupt our country. >> greta: do you think washington has a spending problem or not? go to to greta wire.com. menendez denying allegations that he engaged with prostitutes after a raid in...
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Jan 31, 2013
01/13
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frankly, i don't know how you can say spending's not a problem, we don't need to raise the debt ceiling. >> you are right. if we have to borrow money to keep the lights on. the goal is to push the congress to put our country on a path to a balanced budget. the president calls that radical. but over a 10-year period, if we don't stop spending more than we are breaking in, we are going to bankrupt our country. >> nice to see you. >> do you think washington has a spending problem or not? tell us what you think, right now on gretawire.com. straight ahead, robert menendez denying allegations that he engaged with prostitutes after an fbi fleyed florida. the most unpopular part of obamacare, the individual mandate. we found out who is going to have to pay and how much, all decided by bureaucrats that we didn't elect. that controversy, coming up. plus, which celebrity couple is back together? and the reunion is setting twitter on fire. start guessing, the answer, coming up. [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken
frankly, i don't know how you can say spending's not a problem, we don't need to raise the debt ceiling. >> you are right. if we have to borrow money to keep the lights on. the goal is to push the congress to put our country on a path to a balanced budget. the president calls that radical. but over a 10-year period, if we don't stop spending more than we are breaking in, we are going to bankrupt our country. >> nice to see you. >> do you think washington has a spending problem...
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Jan 31, 2013
01/13
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ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein that this amendment -- to simply explain that this amendment would authorize the treasury to rates debt ceiling as necessary to cover those three categories. i would urge my colleagues to support the amendment. thank you. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, i appreciate the intent of the senator from pennsylvania. when you stop and think about this amendment, it reminds us of the movie and the book "hunger games." in "hunger games" you'll recall that children were pitted against each other until one survived. there are three categor
ceil something not raised immediately -- debt ceil something not raised immediate lid upon the expiration of this period. that's what this amendment is about. my amendment is about minimizing the risk the disruption in any event that the debt ceil something not raised at the time that the time expires. what it does is instructs the treasury detect to prioritize three categories of payment. the presiding officer: time is expired. mr. toomey: let me ask for 30 seconds to simply saddam hussein...
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Feb 1, 2013
02/13
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the debt ceiling. this measure suspends the government's borrowing limit to may 19th. the national debt will be pushing $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gained 4%, s&p just over 6. its best january since '97. what is the market surge trying to tell us when mixed in with some bad news out there, as well? and on the eve of another big jobs report? our report from nbc's tom costello. >> reporter: 25-year-old kory wilson can tell you, it's not easy looking for a job. she has applied for 200 since earning a master's degree in public relations last may. >> being a post graduate, either i'm overqualified or i'm underqualified. >> she is looking for work, but the economy seemingly poised to ei
the debt ceiling. this measure suspends the government's borrowing limit to may 19th. the national debt will be pushing $17 trillion. in other words, it's really washington's version of kicking the can down the road. the president is expected to sign this bill immediately. >>> now to the economy and the financial markets. stocks fell a bit today with all three major indexes modestly lower. but for the month, the dow was up almost 6%, the best since january in '94. nasdaq gained 4%,...
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Jan 31, 2013
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. >> what if lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a p
. >> what if lawmakers decide it was best to delay having to debate raising the debt ceiling? >> well, a decision by house republican leaders at their retreat about two weeks ago. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea....
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Jan 31, 2013
01/13
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. >>> the senate is poised to pass legislation when it comes to raising the debt ceiling. the bill passed the house last week and it would suspend the federal -- extend the federal government's borrowing limit through mid may. without the bill, the government would default on its ob gaixes as early as mid- february. president obama is expected to sign the bill into law as soon as it gets to his desk. >>> time right now is 5:33. i'm watching your money and the value of your home. after pulling the economy into a recession, the housing market is finally recovering. we could even be on the cusp of a seller's market. >> reporter: if you've been waiting to sell your house, a great time to do so may be just around the corner. >> as soon as the flowers start showing up, it's going to be a feeding frenzy out there in april. >> housing is the best story of the year. >> reporter: leading local economy watcher dr. steven fuller of george mason university says sellers have been waiting a long time to sell since the bubble burst back in 2006. and buyers have been waiting to buy. with i
. >>> the senate is poised to pass legislation when it comes to raising the debt ceiling. the bill passed the house last week and it would suspend the federal -- extend the federal government's borrowing limit through mid may. without the bill, the government would default on its ob gaixes as early as mid- february. president obama is expected to sign the bill into law as soon as it gets to his desk. >>> time right now is 5:33. i'm watching your money and the value of your...
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Jan 24, 2013
01/13
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. >>> the republican house the bill temporarily raises the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. calif
. >>> the republican house the bill temporarily raises the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >>...
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Jan 27, 2013
01/13
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CNN
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the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. you're going to watch the u.s. do crazy, crazy things this year. >> he was pretty clear. he called it crazy. i talked to eric cantor earlier, the republican majority leader. he sort of said we're ready to deal and compromise, but people are very worried about what the u.s. could do. >> oh, and this latest decision to just kick the can, i hate to use the cliche, further down the road, axel neighbor is a former central banker in europe, also the head of ubs and he was absolutely in no doubt that what we are seeing in the u.s. in the political and economic process is dangerous. >> if you have the debt ceiling, the europeans will talk about how you can make that binding. in the u.s., the concern is much more whether you can lift it in time in order not to put too much break on the economy. now, the u.s. economy has bottomed out, it's coming back, and i think sooner or later the u.s. has to face the fiscal issue not just in the sense of delaying adjustment but rea
the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. you're going to watch the u.s. do crazy, crazy things this year. >> he was pretty clear. he called it crazy. i talked to eric cantor earlier, the republican majority leader. he sort of said we're ready to deal and compromise, but people are very worried about what the u.s. could do. >> oh, and this latest decision to just kick the can, i hate to use the...
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Jan 24, 2013
01/13
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CURRENT
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the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great l
the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the...
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Jan 29, 2013
01/13
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MSNBC
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come up until august if the senate passes the debt ceiling bill this week. but republicans increasingly believe that the $1.2 trillion in automatic spending cuts in the sequester are going to happen come march 1st. >> we think these sequesters will happen, because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> house speaker john boehner recently told "the wall street journal" that the sequester, quote, is as much leverage as we're going to get. but does the gop actually stand to lose more than it gains? i'm joined by "washington post" columnist, and msnbc policy analyst, ezra klein, who has written about this. good morning, ezra. >> good morning. >> in one of your columns, you wrote that republicans are wrong to think that the sequester gives them leverage. what's your reasoning? >> it's just become a somewhat bizarre conversation. look, you have to go back. the sequester, it's a very weird, kind of boring word. it comes out of the debt ceiling deal in 2011 and it was the backup to the superco
come up until august if the senate passes the debt ceiling bill this week. but republicans increasingly believe that the $1.2 trillion in automatic spending cuts in the sequester are going to happen come march 1st. >> we think these sequesters will happen, because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> house speaker john boehner recently told "the wall street journal" that the sequester, quote, is as...
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Jan 25, 2013
01/13
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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Jan 26, 2013
01/13
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MSNBC
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it was a price house conservatives demanded for delaying the debt ceiling just by three months. so this is a deal that republicans made with their members just this week, a deal that will define our budget arguments over the next week. they made this deal, if you don't force us into a politically disastrous showdown, we'll do it with an equally disastrous budget deal. i don't understand what is happening in the republican party right now, but it is not good for them. joining me now, robert greenstein, a man who always understands exactly what is happening. bob, good to see you. >> good to see you, ezra. >> so i guess my question is how, how do you make the budget balance in ten years, and keep to all of these different promises? do you know budget -- you know budgets better than anybody i know, so how? >> so there are three things to start with, and you have already mentioned perhaps the most important. he will take advantage of the revenue increases from the fiscal cliff deal. the second thing is since ryan issued his budget a year ago, the congressional budget office who does
it was a price house conservatives demanded for delaying the debt ceiling just by three months. so this is a deal that republicans made with their members just this week, a deal that will define our budget arguments over the next week. they made this deal, if you don't force us into a politically disastrous showdown, we'll do it with an equally disastrous budget deal. i don't understand what is happening in the republican party right now, but it is not good for them. joining me now, robert...
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Jan 31, 2013
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washington appears poised to resolve the debt ceiling crisis at least temporarily. a very important caveat here. the senate is expected to pass the measure to raise the limit on our federal borrowing but only raise it until may. chief political correspondent carl cameron is live from washington. so carl, may is my birthday but beyond that i have no reason why may is the date. what is the fine print here in all of this? >> reporter: the title of it is called the no budget, no pay bill. that is sort of contingent string attached to this. over all extends enforcement the of current debt ceiling through mid-may. but at that point it retroactively goes up and the bipartisan policy center says the increase will be $450 billion. call it about half a trillion so the new total will end up being around 17 trillion in federal debt, as of mid-may. that string attached to the no budget-no pay provision. house republicans who have passed budgets during the first obama term inserted this into the legislation, essentially to pressure senate democrats to pass budgets. they have not
washington appears poised to resolve the debt ceiling crisis at least temporarily. a very important caveat here. the senate is expected to pass the measure to raise the limit on our federal borrowing but only raise it until may. chief political correspondent carl cameron is live from washington. so carl, may is my birthday but beyond that i have no reason why may is the date. what is the fine print here in all of this? >> reporter: the title of it is called the no budget, no pay bill....